There are a few options you can consider when you inherit a traditional IRA from a non-spouse. The key consideration for most is the timing of distributions from the account, but the rules and implications of each option can be confusing.
This flowchart addresses common issues that arise when an individual inherits a traditional IRA from a non-spouse, including:
- Beneficiary classifications under the new SECURE Act rules
- Distributions under the 10-Year Rule
- RMDs under the Life Expectancy Rule
- Twice-inherited IRAs
